On March 10, 2025, VanEck, a prominent investment firm, registered the VanEck Avalanche ETF in Delaware, marking a significant move during a crypto market downturn.
VanEck Avalanche ETF Registration
In March 2025, VanEck registered the VanEck Avalanche ETF, a major step for the firm and the Avalanche blockchain. This registration occurs amidst a recent downturn in the cryptocurrency market, as many digital assets have witnessed a sharp sell-off. Avalanche's token, AVAX, has dropped to a one-year low of $16.27, raising concerns about how the ETF launch might impact the token's value. Nonetheless, the ETF registration underscores a rising interest in blockchain-based financial products.
VanEck Launches SUI ETN in EU
VanEck has also expanded its offerings to include the VanEck Sui ETN on Euronext Amsterdam and Paris, providing investors with new opportunities to access the SUI token. This ETN is fully collateralized and securely held in cold storage by Liechtenstein's Bank Frick. VanEck also celebrated its newly-approved spot Ether ETF.
VanEck's Vision for Digital Assets
VanEck, known for recognizing emerging investment trends, is broadening its focus beyond crypto-centric ETFs. CEO Jan van Eck plans to increase the firm's crypto allocation to 15% of assets under management from the current 1%. The company has also launched an NFT to highlight the asset class's growing utility and predicts Ethereum's price will hit $22,000 by 2030.
VanEck continues to strengthen its presence in the digital asset space, demonstrating confidence in the blockchain industry's future and offering new financial instruments for institutional and retail investors.
